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Building a Business Continuity Plan for the Manufacturing Industry. For those in the manufacturing industry, critical events threaten financial loss due to unplanned downtime, reduced factory utilization rates, lost revenue, and even employees put at risk. Manufacturing Industry-Specific Dangers. Brand diminishment.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. Sometimes the form business continuity management (BCM) is used. For business continuity newcomers, few topics are as confusing as the difference between business continuity and IT disaster recovery.
FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. For this reason, it is often referred to as the Gold Standard of BCM standards. The Gold Standard FFIEC is the most aggressive standard in the U.S. marketplace.
Related on MHA Consulting: Top 10 Resources to Help You Become a BCM Ninja Why the BIA Is Important The business impact analysis or BIA is one of the topics Richard Long and I write about the most here on “Roadmap to Resiliency.” Which would cause the greatest impact if it was down for six hours: Manufacturing? Customer Service?
Mitigating supply chain risk After widespread coverage, the CrowdStrike outage from 19 July 2024 hardly needs an introduction. The outage was caused by a bad security update rolled out by CrowdStrike. Without question, this is one of the most expensive IT outages to date, with significant global impact. million Windows devices.
The threat of utility or network outages. At the funnel’s narrow end, representatives from departments such as business continuity, security, facilities, operations, manufacturing, and finance analyze and sift the information received. Threats posed by cyberattacks: ransomware, data theft, and the rest.
The scenario was, “A regional internet outage has occurred; you have no internet access to the outside world. It’s relevant for financial services, consumer businesses, manufacturing—everyone. Getting manually logged data into the system when the outage is over. Continue operating your critical business operations.”
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Regardless of the industry (non-profit organizations, professional services companies, manufacturing, public sector, etc.),
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Section 2 - Business Continuity Management (BCM) Program Implementation. Section 9 - BCM Program Maintenance. 2 – BCM Program Implementation. 9 – BCM Program Maintenance.
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